<ul><li>Cryptocurrency exchange Bybit has awarded $4.2 million to bounty hunters for tracing and freezing stolen funds from a hack on the exchange.</li><li>Bybit is offering a total bounty of $140 million, equivalent to 10% of the $1.4 billion stolen in the hack.</li><li>Bounties of 5% of the recovered funds are awarded to entities that froze the funds and contributors who helped trace the funds.</li><li>Bybit's website, Lazarusbounty, provides information on the hack and the bounty, ranking involved parties as 'good actors' or 'bad actors' based on their response time and cooperation.</li></ul>

Bybit Begins Awarding Bounties for Tracing and Freezing Stolen Crypto

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